| For anyone interested in the de-listing issue. For de-listing to occur a couple things must happen. First, de-listing only becomes a possibility if Infospace's share price fails to close above $1 for more than thirty consecutive days. (In my opinion possible but unlikely.) Once this occurs, a company eventually receives a letter from NASDAQ indicating that it's stock will be de-listed if is fails to close above $1 for ten consecutive days by a certain future date. Companies facing this prospect can appeal to NASDAQ not to have their stocks de-listed, which happens a fair amount of the time. NASDAQ officials will judge the merits of the company's business, financial condition, and ask what the company may plan to do to support its share price. I believe that Infospace would easily overcome any potential de-listing sheerly on the basis of its cash hoard and the eminence of its wireless subscriber business. Most companies that get de-listed don't have several hundred million dollars in the bank. In fact, usually they have hardly any, if any, assets, hardly an, if any, revenue, are on the edge of bankruptcy, and have "going concern" statements in their regulatory filings placed by their auditors, as in At Home's case. Other company's get de-listed for failing to comply with NASDAQ reporting requirements. Infospace just doesn't fit the profile. |
